Wednesday, October 6, 2010

The FTSE 250 (MIDD) cleared what had been a scrappy, mildly bullish trading range, to power past 1,050 and even stage some follow through. The index even broke past April's reaction (closing) high to give bulls a little fresh air to breathe. A measured move to 1,240 derived from the April-October base is one potential target. But first, any potential for a bull trap must be negated which means holding above 1,062-1,064.

There were five exits in my trading strategies after yesterday's close. The trading strategy, Tri-Indicator US Dividends, exited its Verizon Communications with a 24.8% return - the best of the five exits. Short strategy Irish Oak, saw a trailing stop hit for Kingspan Group, closing the position for a 15.8% profit. US strategy, Short Trender, also saw a trailing stop hit, this time for for Citigroup as it exited for a small 2.6% loss. There were straightforward stop exits for RWE AG from strategy Frankfurt High Winners, and Reliance National for Indian strategy Reliance National, each closing for an 8.2 and 10.2% loss respectively. If you are interested in finding a strategy, the MarketPlace offers over 300 strategies covering global markets, Forex, precious metal and energy commodities.

There were 30 new entries for my 60 strategies; subscribe to a trading strategy and find your next trade today.

Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies.

The FTSE 250 (MIDD) cleared what had been a scrappy, mildly bullish trading range, to power past 1,050 and even stage some follow through. The index even broke past April's reaction (closing) high to give bulls a little fresh air to breathe. A measured move to 1,240 derived from the April-October base is one potential target. But first, any potential for a bull trap must be negated which means holding above 1,062-1,064.

There were five exits in my trading strategies after yesterday's close. The trading strategy, Tri-Indicator US Dividends, exited its Verizon Communications with a 24.8% return - the best of the five exits. Short strategy Irish Oak, saw a trailing stop hit for Kingspan Group, closing the position for a 15.8% profit. US strategy, Short Trender, also saw a trailing stop hit, this time for for Citigroup as it exited for a small 2.6% loss. There were straightforward stop exits for RWE AG from strategy Frankfurt High Winners, and Reliance National for Indian strategy Reliance National, each closing for an 8.2 and 10.2% loss respectively. If you are interested in finding a strategy, the MarketPlace offers over 300 strategies covering global markets, Forex, precious metal and energy commodities.

There were 30 new entries for my 60 strategies; subscribe to a trading strategy and find your next trade today.

Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies.

Building Your Brand In Zignals

"My back testing was accomplished through the Zignals web site (Zignals). This site has recently added (beta) a strategy engine which will let you backtest as far back as the early 2000's various strategies based upon a slew of technical and fundamental parameters."